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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: StockOperator who wrote (34612)11/2/2000 5:20:54 PM
From: StockOperator  Read Replies (1) of 42787
 
The market was up but I don't like the daily formations for a lot of stocks. Stocks like RMBS and MSFT could fall hard. The most amazing aspect of trading today was, imo, for ORCL. Did you watch the "spin" in full effect. Supposedly "rumor control" had it that some key people were departing. Of course a company spokesperson came to say that it wasn't true and that all is well. But where did the stock close! If all was well why didn't we regain our loses in light of 90+ point advance for the COMPX?? BTW, the drop today in ORCL's price was PRECLUDED by weeks of distributions in its shares. The end result of today's trading is a break of a four week base on heavy volume. The next couple of days is crucial. ORCL's price needs a big push to regain its momentum.

Ask yourselves, where is the compx going without one its generals?

Regards

SO
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